With the COVID19 vaccine being rolled out eventually the world will return to a 'new normal'
There are clearly some very wealth and savvy people on this website where are people putting there cash considering interest rates are essentially so low you lose value for keeping you money in the bank
Where and why are you putting your hard earned?
It is really personal preference i use Coinjar and BTC
"There are clearly some very wealth and savvy people on this website"
LOL
Luxury cars like Mercs are high yield investments that skyrocket in value. /s
News to me.
I'm trying to put $500/month into Aussie shares. Very new to this so any advice is appreciated!
Brokerage may hurt your returns in the short-medium term but otherwise go for it
Suggestions on best broker?
Im with CMC but the cheapest is Selfwealth from memory
dont use Comsec unless it is just to look at there layout
I would suggest https://www.ozbargain.com.au/deals/opentrader.com.au , over self wealth due to lower fees. ($5 vs $9.95, if <$5k which I believe is your case)
As Try2SaveABuck says, brokerage (and fees in general) does reduce your return, so you'll want to minimise it by:
May I suggest increasing the amount you purchase and reduce the frequency of buying?
i.e. Instead of $500/month (=$60/yr in brokerage), how about $1000 per 2 months (=$30/yr), or $3000 per six months (=$10/yr)
Superhero brokerage is free for ETFs
Im doing the same just to understand and get the hang of it before investing larger sums.
Comm bank do have an app called pocket which has half a dozen ETFs with a $2 brokerage fee per trade whuch is very low. Good way to start…
$2.00 for trades up to and including $1,000
0.20% of the value of trades above $1,000
Reading these posts make me want to start investing any tips or anything i should read on how to start.
Start here: https://passiveinvestingaustralia.com/inflation-and-why-you-…
Which I hopefully will lead you to a few things:
Look at your current bank and see the savings rate (and depending on who you with, you may begin crying). If you're 18-29 and it's not Westpac, https://www.westpac.com.au/personal-banking/bank-accounts/sa… you need to switch.
Get/Check your super is in order (You don't have multiple accounts, deciding if super insurance is right for you (as it eats into returns), you're in the right investment option for your age/risk profile)
Decide what you want to do with your money (property and/or shares).
https://www.berkshirehathaway.com/letters/letters.html
The wealthiest investor in the world I know of shares his tips regularly
8 votes for crypto and 1 vote for US shares. Sounds logical.
if that isn't an indication of "healthy" speculation i don't what is.
I’ll continue to invest in the markets like I have been for a few years now. Both in Australian and global equities.
Good topic. We just bought a house so nothing left to invest on the larger side of things, but do put a little each week into spaceship just to see what happens.
I wonder if I should be using coinjar instead. Thoughts?